POSC 475 Lecture Notes - Lecture 11: Free Trade, Washington Consensus, Balanced Budget

• School: Towson University
• Department: Political Science
• Course: POSC 475
• Professor: Professor Anthony Cotkin

Document Summary

Domestic: minimise government, privatisation, deregulation, fiscal discipline. Outcomes some growth, but often lower than during isi, greater inequality, more vulnerable to global events, return of the state. All else equal, economic development is difficult to achieve, economic development policies vary over time and across region. Figure out the most pressing issues and figure out the best way to improve it. Trapped countries: majority of populations live on less than /day, low levels of human development, engage little with global economy.